US Customs and Border Protection says additional 10% tariffs will apply to Hong Kong and mainland China

TradingKey - On August 24, Eastern Time, the three major US stock indexes closed mixed. Markets continued to digest valuation pressures on tech stocks, wait-and-see sentiment ahead of Nvidia's (NVDA) earnings report, expanded US economic pressure on Iran, and escalating US-Canada trade tensions. Whi

Japanese and South Korean stock markets tumbled at the open, with the KOSPI plunging over 4% to fall below the 6,500-point mark and the Nikkei dropping 800 points, as across-the-board slumps in Samsung and SK Hynix triggered heavy selling pressure.

Former US House Speaker Nancy Pelosi has filed a new financial disclosure. The filing shows that Pelosi significantly increased her position in Bloom Energy (BE) shares and options.

The US Treasury may use $950 billion from its Treasury General Account (TGA) to support US Treasury buybacks, easing US bond yields from their highs. However, Donald Trump's warning to raise tariffs on Canadian automobiles to 50% dampened market trading sentiment. The three major US stock indices ended mixed, as AI hardware stocks faced a sell-off and memory chip stocks led the declines. At the close, the Dow Jones Industrial Average rose 0.26% to 53,417.16; the Nasdaq Composite Index fell 0.76% to 25,980.19; and the S&P 500 Index slipped 0.28% to 7,652.86.

After Alibaba (BABA) announced a share placement, the market initially responded with a sell-off, but the stock price did not continue to slide. Meanwhile, several top investment banks maintain a positive outlook on the company.